Burstcoin Wallet
This means everybody can be his own bank of issue and be part of a decentralized payment system!
Miners fill unused hdd space with Burst plot files, and then can mine using those plot files where their hashrate is effectivly the amount of space occupied with plot files. Generating the plot files is very computationally expensive, but mining with them uses very little electricity as it scans over the relavent plot data and then idles until the next block. This makes Burst the greenest cryptocurrency in the world
- and can be mined on phones. There are 2 main advantages of this system. Unlike Proof of Work, Proof of Capacity favors end users by design. If Burst was in the same extremely competive situation like Bitcoin, the best achievable hashrate/W is from normal users mining with their free space on computers they'd be running anyway, as negligable extra electricity is used, whereas large mining operations have overhead to run, so it is likely to stay much more decentralized.
In December 2014, Burst was updated to include the Smart Contracts by Automated Transaction(AT) system
- way before Ethereum's Smart Contracts. With ATs, it is possible to write scripts, compile them, and then announce them to the network. The script then gets it's own Burst address, and controls that address instead of a user. This allows for implementation of trustless services. Some examples of things that can(or have) been done are:
-Lotto: The script sleeps for a while then picks a random person who sent it funds and empties the account to them
-Crowdfunding: The script sleeps for a while then checks the balance against a target balance, then either sends it to the recipient or refunds everyone
-Auction: When receiving funds the script refunds the previous bid, and at the end sends the funds to the creator
-Atomic Cross chain transfer: A script has an embedded sha256 hash, and will send it's funds to a particular user if a message is sent to it which hashes to that hash, or refund it's coins if the message is not received. Another user creates a matching AT on a different blockchain with the same hash. When the first user uses the message to release the 2nd AT, the 2nd user will see the message and can use it to release the 1st AT, resulting in a trustless trade. Currently no other coins support ATs to do this transfer with, but it is expected that Qora will soon.
-Certificate of Deposit: A script receives funds from a user, then some interest from another account, then locks up the funds for an amount of time, then sends them to the initial user. (there actually has been some interest in this most likely from speculators or large miners interested in paying some to get coins locked up away from exchanges)
Category : Finance
Reviews (28)
didn't get past the login screen and deleted it. That's how bad this app is. Very buggy and you can tell the devs have give up on this app.
veey annoying thing..saying flash not supported. i can't login therefor. when we trying plot saying IOexception error.so many bugs and errors. please dev update the app and resolve the errors that every one can use your coin
Very slow, i didnt get my coins but they are also out of wallet. Run away from burst. Wasted money
Good idea for a coin screwed up by bad team and 1 fat spammer that completely screwed things up. most of the dev team is stealing money or running side scams.
It's a little clunky but bear with it and it does the job fine.
This app runs ridiculously slow on my device.
Mining is creepy. Nullpointer exception on plotting Need a better UI
Worked for a few days,then seems to get stuck on a blank page when I go to login page.thwleft sidebar drags out but login don't work.
Stupid, you can just modify passphrase 1 or 2 characters and you have access to another account, what kind of wallet is this,
I dont think its worth having. It only works for 5 minutes then crashes. I think the developers dont care about this app anymore.
Downloaded it and could not open the app after installation - all I got was an empty white screen. Annoying
Tried to use with 5 different smartphones including galaxy note 5, galaxy s6, s7, s8 plus. It just doesn't work with any phone.
I had a burstcoin wallet that I created a year ago and I am currently mining with a desktop on that wallet. This app can access the wallet and show me the coins and transfer them. It is true that Burstcoin crypto network was attacked and caused loosing connection to wallets but this was fixed as of now (20.08.17). This app works for me.
Rubbish, choose own paraphrase slow laggy never accepts even though it is longer than 35 characters and includes uppercase, lowercase, numbers and symbols. Die burst die
After opening only white screen appears Nothing else :( I will not recommend to download it for users...
I'd love it if this was usable, as this seems to be the only Android burst wallet, but it loads suuuuuper slow and usually just locks up. It's simply unusable as it is but I'm hopeful they'll fix it.
Won't open half the time would be awesome app if it worked. Come on for burst to be successful we need a mobile wallet that works. Fix it please.
App crashed, due to the server URL not found or removed. Cannot use this app anytime when open it. Please release new update and fix bug!
- Wallet works fine - Changing pools with reward receipts is impossible so mining is useless - UI is funky and sometimes unresponsive Tested on MotoG3.
Add an option to specify your own online wallet url since the hardcoded one is almost permanently down.
Tranfered in burstcoin from Poloniex 2 days ago and this wallet still shows my balance at zero. Also the app is practically unusable with all its bugs and support is non existent. This a scam?
Loads to a white screen it would get 0 stares if possible
Im wondering how to send burst to my address from an exchange it always say invalid address
Need Fixing. Just like it's desktop counterpart.
Does not launch at all for me (galaxy s4)
WHY IT KEEPS CRASHING please developers fix this
How exactly does the mobile miner work ? I keep seeing a deadline of years ... And what exactly does the plot file do ? When does burst get confirmed from mining ?
Horrible and terrible wallet, deserve less than 1 star. Can't believe i put my money here, am selling off all my burst and burst out of this crappy project.